• megjosephson

Ways to Spend to Maximize Happiness

According to Harvard Business School, there are ways to maximize the pleasure we associate with spending -



1st Principle: Buy experiences, not things.


**Research shows that experiences like vacations and concerts lead to longer-term fulfillment than material purchases.


2nd Principle: Make it a treat.


**Buy your favorite things sparingly to really boost appreciation and the good feeling the purchase brings.


3rd Principle: Buy time.


**Spend money to pay for things/services that will give you more time (i.e. sending out your laundry). This will allow you to spend more time on things that give you pleasure.


4th Principle: Pay now, consume later.


**Delayed gratification leads to more enjoyment overall.


5th Principle: Invest in others.


**Research has shown that spending on others is associated with high levels of happiness and contentment.